REIT fever -too high for comfort?

Another REIT IPO, M&L hospitality REIT is jumping into the bandwagon of desperate search for yield plays due to ultra-loose monetary policy.Many of new Singapore stock exchange IPOs in recent years are REITS. As the saying goes:”‘What the wise do in the beginning, fools do in the end.’ Sooner or later, you will see REITs offering lower yields but still attract subscribers. When FED decides to raise interest rates, expect REITs to suffer drastic drop in price.